Having any coins in yobit is risky because they can run away overnight as they are not registered anywhere and many believes it is operated by a single Russian guy so we can't trust him completely. Also they have very poor customer support and investing in this HYIP like plans they have looks really risky. Don't invest in these plans...

Having any coins in yobit is risky because they can run away overnight as they are not registered anywhere and many believes it is operated by a single Russian guy so we can't trust him completely. Also they have very poor customer support and investing in this HYIP like plans they have looks really risky. Don't invest in these plans...

No matter how many times people get adviced to not do something, they will forget about it as soon as they see that they are being offered some decent returns -- people get blinded by their greed. It basically doesn't matter what it is, just offer them something that allows them to earn 1% per day (even when it looks like an obvious scam), and they will jump on it like hungry dogs. It's mind boggling how weak minded certain people are....

Having any coins in yobit is risky because they can run away overnight as they are not registered anywhere and many believes it is operated by a single Russian guy so we can't trust him completely. Also they have very poor customer support and investing in this HYIP like plans they have looks really risky. Don't invest in these plans...

No matter how many times people get adviced to not do something, they will forget about it as soon as they see that they are being offered some decent returns -- people get blinded by their greed. It basically doesn't matter what it is, just offer them something that allows them to earn 1% per day (even when it looks like an obvious scam), and they will jump on it like hungry dogs. It's mind boggling how weak minded certain people are....

it is sometimes about the risk/reward ratio.for example sometimes (not necessarily in case of yobit and their investment, but in general) you find opportunities to make profit on some places that aren't really considered safe or good and if the profit is much more than the risk you simply do it and take the risks.

and this goes for all of them, you can see people are furious with poloniex these days and they are losing a lot of money because their platform is turned into shit because it can not handle a simple rise in their number of users. but they still go there and trade!

YoBit probably isn't solvent, due to their super slow withdrawals and failures for any significant amount of Bitcoin.

Here's what I think YoBit is doing (sort of a Ponzi scheme but not quite):

-They take funds from Invest Box, their dice game, their support from ICO scams etc and use it to pay off customers.-They build legitimacy from this - people believe that they are fully solvent and begin depositing more money into both their exchange and Invest Box.-Scam.

I would be very very careful here. Yobit are not to be trusted. They lost me when they ripped off my credibit by not allowing me to withdraw it to migrate it to the new eth tokens. When I tried to migrate it would say "migration in progress", but they never did it, meaining my coins became worthless and were sold for next to nothing.

Now, as for their "investbox", it's clearly a scam.

They offer for up to 10BTC. 0.2% a day interest, meaning 73% a year.So if I invest 1BTC (~2,000$), that means $4 /day, or $1460/year interest, if I take out the interest everyday, but if I leave it there for a whole year I get the compound interest. So:

Now imagine I invest 10BTC, so we times that by 10, meaning I invest $20,000 (10BTC) and after 1 year I have $41470, not including any increase in the value of BTC, lol. Now imagine I open 10 yobit accounts and invest 10BTC on each... It's not sustainable and should be a HUGE red flag for everyone.

it is sometimes about the risk/reward ratio.for example sometimes (not necessarily in case of yobit and their investment, but in general) you find opportunities to make profit on some places that aren't really considered safe or good and if the profit is much more than the risk you simply do it and take the risks.

and this goes for all of them, you can see people are furious with poloniex these days and they are losing a lot of money because their platform is turned into shit because it can not handle a simple rise in their number of users. but they still go there and trade!

In rare cases that the platform/service is somewhat legit, then you can indeed say that the risk vs reward ratio matters, but that doesn't go up in case of an obvious scam. Even if I know that I walk out with guaranteed profits at the beginning, I will not invest a single penny into these services. Mainly because of the fact that I don't want to incentivize them to continue scamming people. And that exactly happens when you invest your hard earned cash into hyip's and all other related schemes.

If only Yobit exchanged established a good name throughout their entire operational years then maybe I can consider myself to be part of the new feature. That is a good one if it's really genuine and authenticate.

But with the horrible experience especially at their customer support, just an error or problem that will encountered by me will having a hard time before it will be answered. Definitely waste of time and not worth to give a good shot.

If yobit can only reply to the queries of their customers quickly. This type of new service they made will make me want to invest. But with the feed back and most of their customers are complaining about mostly with deposit and withdrawals so I'm not going to push myself to invest to their investbox, I might get an headache from it.

What people think about it doesn't really matter, what matters is that YoBit is currently having a few scam accusation and people shouldn't deposit amounts randomly for later use.

It's not even the scam accusation,their service is just terrible.

Thats why its very hard to trust them for this way and i think they starting to run a ponzi scheme system right now since they run this one and offering such huge roi and their asking investment plan is pretty much annoying on my side. Its pathetic to have a blink on yobit but im very much suspicious on them so better NO than sorry later and Investment in yobit is Not a good idea for me.

YoBit probably isn't solvent, due to their super slow withdrawals and failures for any significant amount of Bitcoin.

Here's what I think YoBit is doing (sort of a Ponzi scheme but not quite):

-They take funds from Invest Box, their dice game, their support from ICO scams etc and use it to pay off customers.-They build legitimacy from this - people believe that they are fully solvent and begin depositing more money into both their exchange and Invest Box.-Scam.

This is just an assumption, though we all know that yobit is an exchange of pump and dump coins but i never faced any problem with their exchange. I have a smooth withdrawal and even a good deposit experience. The investbox is somehow confusing but you can cancel your investment anytime you want. Make it safer than those investments that hold our Bitcoin for a longer period of time. Though I am not denying the possibility of an exit scam to happen but it is too early to say such thing.

Lol at his investment scheme if true. They can't even manage to maintain their wallets properly and they have time for this. They should clean their reputation first imo. Or they are too confident because their volume is still high. Dunno why people still trade there with coins also present in other reliable exchanges.

YoBit probably isn't solvent, due to their super slow withdrawals and failures for any significant amount of Bitcoin.

Here's what I think YoBit is doing (sort of a Ponzi scheme but not quite):

-They take funds from Invest Box, their dice game, their support from ICO scams etc and use it to pay off customers.-They build legitimacy from this - people believe that they are fully solvent and begin depositing more money into both their exchange and Invest Box.-Scam.

The investbox is somehow confusing but you can cancel your investment anytime you want. Make it safer than those investments that hold our Bitcoin for a longer period of time. Though I am not denying the possibility of an exit scam to happen but it is too early to say such thing.

Actually, it's much less safe than investments where you hold funds for a long period of time. Many Bitcoin investments will allow withdrawal of funds, such as dice games and funds like Cryptomerian, but in no way does this make them safe. With unregulated or poorly regulated Bitcoin investments, anything could be a scam or extremely shady at any time.

I'd say that YoBit is being extremely shady by suggesting that your investment is 100% safe just because you can withdraw it "at any time". When you want to withdraw it, it's too late, and any legitimate investments give warnings about the risk for your capital.

The chances that this isn't a scam are pretty low. They have no actual plan for how they're getting the coins, and it's not like the Bitcoin devs are trying to promote their coin by giving them interest of 0.2% daily.

I see this for the first time, and I don't like it at all. Yobit is on the egde for so long, some members mentioned scam accusation, there is more then one, and that is following them from thir beginnings. On a side about their choice of coins and bunch of dead coins, rigged dices, and I don't know what else now they are implementing some investbox!? In moment the box is filled with coins they will shut down everything and run away, we can just guess for how much time will this happen, 6 months - 1 year?

Invest your free coins I will now go and buy 10M of a sh*tcoin just to invest there and after 3 months when I got my fat interest I will go and

immediately sell every thing but there is a catch, most of those coins are priced @ 1 freaking satoshi without any buy orders, funny thing is that they

have created sell walls at 1 satoshi with a total sum of 500BTC+ thinking people are idiots to buy those coins.

it is not necessarily yobit who is putting up those walls.

when a shitcoin is dead at 1 satoshi or lower, as long as its network is functioning, it means someone is mining transactions and earning some reward. and the miner will dump that reward on the market. and the 500BTC+ walls show how bad the reward of these altcoins are. and also proves that the coins with a big circulating supply are terrible idea because miners will always gain these huge rewards and dump and kill the price.

I would be very very careful here. Yobit are not to be trusted. They lost me when they ripped off my credibit by not allowing me to withdraw it to migrate it to the new eth tokens. When I tried to migrate it would say "migration in progress", but they never did it, meaining my coins became worthless and were sold for next to nothing.

Now, as for their "investbox", it's clearly a scam.

They offer for up to 10BTC. 0.2% a day interest, meaning 73% a year.So if I invest 1BTC (~2,000$), that means $4 /day, or $1460/year interest, if I take out the interest everyday, but if I leave it there for a whole year I get the compound interest. So:

Now imagine I invest 10BTC, so we times that by 10, meaning I invest $20,000 (10BTC) and after 1 year I have $41470, not including any increase in the value of BTC, lol. Now imagine I open 10 yobit accounts and invest 10BTC on each... It's not sustainable and should be a HUGE red flag for everyone.

Stay away folks.

Good calculation.

I laughed at the part you say: "Now imagine I open 10 yobit accounts and invest 10BTC on each"

Yobet recently received neg trust I guess. The site is also very sticky now a days and having very slow servers. I always used to trade and exchange on this site but now a days it is filled with more bots than humans. I will never trust any services provided by yobet. Also when there are high rate on a site than the market then it is probably very risky to invest in such sites. Why would they go in loss by providing us more money than other sites on the market that is the first question you should know about.